UBS Group AG increased its stake in Okeanis Eco Tankers Corp. (NYSE:ECO – Free Report) by 1,616.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,065 shares of the company’s stock after purchasing an additional 59,391 shares during the period. UBS Group AG’s holdings in Okeanis Eco Tankers were worth $2,134,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Militia Capital Partners LP bought a new position in shares of Okeanis Eco Tankers in the third quarter worth $1,024,000. Quantbot Technologies LP bought a new position in shares of Okeanis Eco Tankers in the third quarter worth $344,000. Centiva Capital LP bought a new position in shares of Okeanis Eco Tankers in the third quarter worth $259,000. State of Wyoming increased its position in shares of Okeanis Eco Tankers by 58.6% in the third quarter. State of Wyoming now owns 7,825 shares of the company’s stock worth $229,000 after purchasing an additional 2,890 shares during the period. Finally, Lighthouse Investment Partners LLC grew its position in Okeanis Eco Tankers by 13.5% in the second quarter. Lighthouse Investment Partners LLC now owns 46,816 shares of the company’s stock valued at $1,017,000 after acquiring an additional 5,558 shares during the last quarter.
Okeanis Eco Tankers Price Performance
Shares of ECO opened at $51.02 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.56 and a current ratio of 1.70. Okeanis Eco Tankers Corp. has a 52-week low of $21.27 and a 52-week high of $58.45. The business’s 50 day moving average price is $52.07 and its two-hundred day moving average price is $44.08. The firm has a market cap of $1.99 billion, a PE ratio of 9.01 and a beta of 0.09.
Okeanis Eco Tankers Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Thursday, May 28th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Thursday, May 28th. This is a positive change from Okeanis Eco Tankers’s previous quarterly dividend of $1.55. This represents a $8.00 dividend on an annualized basis and a dividend yield of 15.7%. Okeanis Eco Tankers’s payout ratio is currently 109.54%.
Wall Street Analyst Weigh In
ECO has been the topic of a number of recent analyst reports. Wall Street Zen cut Okeanis Eco Tankers from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Pareto Securities cut Okeanis Eco Tankers from a “buy” rating to a “hold” rating and set a $57.50 price target on the stock. in a report on Monday. B. Riley Financial boosted their price target on Okeanis Eco Tankers from $55.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Weiss Ratings cut Okeanis Eco Tankers from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 25th. Finally, Zacks Research raised Okeanis Eco Tankers from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.89.
Check Out Our Latest Stock Report on Okeanis Eco Tankers
About Okeanis Eco Tankers
Okeanis Eco Tankers Corp. is a Marshall Islands–incorporated, publicly traded shipping company specializing in the ownership and operation of eco-design product tankers. The company made its debut on the New York Stock Exchange under the ticker “ECO” in May 2019 following an initial public offering. It focuses on the acquisition of newbuilding medium-range (MR) and long-range (LR) product tankers designed to deliver enhanced fuel efficiency and reduced emissions.
As of its public listing, Okeanis Eco Tankers’ fleet comprises twelve eco-efficient vessels built by Hyundai Samho Heavy Industries in South Korea.
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